Former National Economic Council Director Kevin Hassett has voiced optimism about the US Supreme Court's impending decision on the legality of tariffs imposed during the Trump administration. Based on the data provided in the document, his comments come amid growing concerns from analysts regarding the potential fallout if the court rules against these tariffs.
Potential Ruling Against Tariffs
Hassett highlighted that a ruling against the tariffs could not only lead to their elimination but also necessitate the government to compensate affected parties, with estimates reaching as high as $100 billion. This scenario, he warned, could result in significant administrative challenges for the government as it navigates the complexities of such a financial obligation.
Proposal for Tariff Rebate Checks
In light of these potential outcomes, Hassett mentioned the possibility of a proposal for $2,000 tariff rebate checks being introduced to Congress in the coming year. This initiative could serve as a means to alleviate some of the financial burdens on those impacted by the tariffs should the Supreme Court's decision not favor the administration.
Recently, John Lettieri endorsed Kevin Hassett for the National Economic Council, emphasizing his qualifications amid ongoing discussions about economic leadership. For more details, see the full story here.
